Carrier Global (XTER:4PN) Change In Inventory : €268 Mil (TTM As of Mar. 2024)

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What is Carrier Global Change In Inventory?

Carrier Global's change in inventory for the quarter that ended in Mar. 2024 was €-66 Mil. It means Carrier Global's inventory increased by €66 Mil from Dec. 2023 to Mar. 2024 .

Carrier Global's change in inventory for the fiscal year that ended in Dec. 2023 was €217 Mil. It means Carrier Global's inventory declined by €217 Mil from Dec. 2022 to Dec. 2023 .

Carrier Global's Total Inventories for the quarter that ended in Mar. 2024 was €2,934 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carrier Global's Days Inventory for the quarter that ended in Mar. 2024 was 55.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Carrier Global's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.66.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Carrier Global's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Carrier Global Change In Inventory Historical Data

The historical data trend for Carrier Global's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Carrier Global Change In Inventory Chart

Carrier Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.80

-197.28

-361.08

-315.30

217.33

Carrier Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-117.68	61.84	61.84	210.91	-66.24

Carrier Global Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €268 Mil.

Carrier Global (XTER:4PN) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Carrier Global's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2483.4345	/	4118.84	*	365 / 4
	=	55.02

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Carrier Global's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4118.84	/	2483.4345
	=	1.66

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Carrier Global's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2483.4345	/	5687.44
	=	0.44

Carrier Global Change In Inventory Related Terms

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Carrier Global (XTER:4PN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Carrier Global Corp (XTER:4PN) » Definitions » Change In Inventory

Comparable Companies

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CARR:USA CARR:Mexico C1RR34:Brazil CARG:Austria

Address

13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418

Website

https://www.corporate.carrier.com

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also announced the pending acquisition of Germany-based Viessmann for approximately $13 billion.

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